Series 62

By Jeff Van Blarcom AAA

Retirement Plans - SEP IRA Taxation

Employer’s contributions to a SEP IRA are immediately tax-deductible by the employer. Contributions are not taxed at the employee’s rate until the employee withdraws the funds. Employees may begin to withdraw money from the plan at age 59.5. All withdrawals are taxed as ordinary income and withdrawals prior to age 59.5 are subject to a 10% penalty tax.



IRA Contributions, Accounts And Investments

You May Also Like

Related Articles
  1. Professionals

    Becoming A Registered Investment Advisor

  2. Investing Basics

    Online Portfolio Management, DIY or ...

  3. Markets

    Pick Better Stocks By Consulting Form ...

  4. Insurance

    Municipal Bond Tips For The Series 7 ...

  5. Retirement

    6 Proven Tips For Series 6 Success

Trading Center